[YTL CORP BHD，前景仍然具有挑战性]
For the current quarter, profit before tax was RM378.1m, a decrease of RM135.2m or 26.3% as compared to a profit of RM513.3m recorded in the preceding year.
For the nine months, profit before tax was RM1213.8m, a decrease of RM47.8m or 3.8% as compared to a profit of RM1261.6m recorded in the preceding year.
The decrease in profit before tax was due to lower construction margin recorded and higher operating cost.
Cement Manufacturing & trading:
The decrease in profit before tax was due to increase in production cost, finance costs and competitive pricing.
Property investment & development:
The decrease in revenue was attributable to completion of Midfields 2 project and lower progress billings from The Fennel, Dahlia and U-Thant projects, as these projects are at its completion.
Management services & others:
Loss before tax was due to absence of the one-off adjustments arising from accounting treatment of loan restructuring recorded by an associated company and higher finance costs.
The decrease in profit before tax was due to the higher unrealised foreign exchange loss on inter-company balances and pre-opening and training expenses.
For the cement manufacturing & trading segment, the outlook for the industry remains competitive.
For the utilities segment, the electricity market in Singapore will remain competitive, driven by volatilities across global markets and generation capacity oversupply in the wholesale electricity market.
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